$2,240,000
$2,350,000
4.7%For more information regarding the value of a property, please contact us for a free consultation.
4000 Landry AVE Rural Red Deer County, AB T4S 2B3
4.09 Acres Lot
Key Details
Sold Price $2,240,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Blindman Industrial Park
MLS® Listing ID A2141615
Sold Date 01/28/25
Year Built 1980
Annual Tax Amount $28,154
Tax Year 2024
Lot Size 4.090 Acres
Acres 4.09
Property Sub-Type Industrial
Source Central Alberta
Property Description
TREMENDOUS HWY 2A EXPOSURE. This 21,600 SQ FT building, demised into 7 units , (FULLY TENANTED) w/ NNN leases in place, Situated on just over 4 ACRES, and a current 6.35% CAP RATE, GENERATING $237,240 in GROSS RENTAL INCOME (or $19,777/month). Bay sizes ranging from 30'x80' or 2,400SQ FT (5-single bays) to 60'x80' or 4,800 SQ FT (2-double bays) all with 12'x16' OHD. Secured compound on the north side of the building. Most offices are renovated, NEW ROOF IN 2019, office spaces w/ shop with offices, baths, and mezzanine open for development for more office space. 80' deep bays with two 12'x16'h doors at the back. Shared yard w/ common access. Newly re-packed, gravelled and graded yard. Total 2023/2024 Operational costs are estimated at $87,912 for 2024 or $4.07/PSF. Visit REALTORS® website for more details
Location
State AB
County Red Deer County
Zoning MI
Interior
Heating Forced Air, Natural Gas, Radiant
Building
Foundation Poured Concrete
Structure Type Metal Frame
Others
Restrictions None Known
Tax ID 91716448
Ownership Private
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
